Boca Ciega Bay View
6060 SHORE S BOULEVARD 702, Gulfport, FL 33707
For Sale
$399,500
Pending
Condo with open water views and community amenities.
Property Size1,255 SF
Lot Size2.50 Acres
Days on Market685
Property Features for 6060 SHORE S BOULEVARD 702
General Information
Standard status
Size
Lot size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Year Built
Listing Agency:
LUXURY & BEACH REALTY INC
(727) 800-5906
Listed By:
Sally Wilkinson · License FL #3050463
(727) 204-6767
Source:
Exitrealty
Added: Dec 28, 2024
Changed: Aug 8
Last Checked: Aug 8 at 6:17AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LUXURY & BEACH REALTY INC
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Investment Insights
Based on property information with market context.
This residential income property offers open water views from a private balcony overlooking Boca Ciega Bay. The location provides views of the Don Ce Sar on St Pete Beach to the West, and Isla del Sol to the South, including the Bayway Bridge and intracoastal boat traffic. The property is situated within the Town Shores community, which features 4 heated pools, tennis, pickleball, bocce, and shuffleboard courts, as well as a marina and clubhouse. The condo is within walking distance of downtown Gulfport's restaurants and shops, and approximately 12 minutes from downtown St Pete's museums and restaurants. The unit includes two bedrooms with spacious closets, two bathrooms, and a bonus room off the entry that connects to the kitchen, suitable for an office, exercise area, or reading space. The property also features electric storm shutters. Located approximately 15 minutes from the barrier islands and Gulf beaches, and 25 minutes from Ft. DeSoto park, with ferry access to Egmont Island.
Key Highlights
- Open water views of Boca Ciega Bay, including the Don CeSar and Isla del Sol.
- Full‑service community with 4 heated pools, tennis, pickleball, bocce, shuffleboard, marina, and clubhouse.
- Walking distance to downtown Gulfport's restaurants and shops.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,620
Cap Rate
3.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$272,400
$272.4K
Cap Rate 7%
$194,571
$194.6K
Cap Rate 9%
$151,333
$151.3K
Market Conditions
NOI Build-Up for 1,255 SF
Gross rent
$26.7K $21.24/SF
− Vacancy
−$1.9K −$1.51/SF
EGI
$24.8K $19.73/SF
− OpEx
−$11.1K −$8.88/SF
NOI
$13.6K $10.85/SF
Area
Pinellas County, FL
Vacancy
7.10%
Lease Rate
$21.24 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$272,400
Cap Rate 7%
$194,571
Cap Rate 9%
$151,333
Alternative Uses
Best Use
Apartment 5plus
$194.6K
$170.3K – $227.0K
NOI $13,620 @ 7.0% cap · market cap 3.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$326.4K
$285.6K – $380.8K
NOI $22,850 @ 7.0% cap · market cap 5.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Location Intelligence
Trade Area within ½ mile
345
Businesses Nearby
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Business Placement
Demographics for 33707, FL
24,646
Population
16,579
Households
1.5
Avg Household Size
58
Median Age
40%
College-Educated
95%
High-School Grad
5.3 sq mi
ZIP Area
4,650
Density / Sq Mi
$68,560
Median Household Income
$45,513
Median Earnings
$1,512
Median Rent
$344,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Residential income properties in Gulfport, FL
Properties on Market for Residential income properties in Gulfport
Frequently Asked Questions
What type of property is this?
Residential income property - Condo with open water views and community amenities.
Where is this residential income property located?
The property is located at 6060 SHORE S BOULEVARD 702 Gulfport, FL.
What is the asking price?
The asking price for this property is $399,500.
What are key features of this property?
This property features: Open water views of Boca Ciega Bay, including the Don CeSar and Isla del Sol.; Full‑service community with 4 heated pools, tennis, pickleball, bocce, shuffleboard, marina, and clubhouse.; Walking distance to downtown Gulfport's restaurants and shops.
